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LUNA

Luna Innovations

$3.78

-0.28 (-6.90%)

, STT

State Street

$86.77

-0.07 (-0.08%)

10:23
08/03/18
08/03
10:23
08/03/18
10:23

On The Fly: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Luna Innovations (LUNA) downgraded to Market Perform from Outperform at Northland with analyst Tim Savageaux saying he sees the shares reflecting the value of the "well executed" sale of the Opto Solutions unit at current levels. 2. State Street (STT) downgraded to Market Perform from Outperform at Keefe Bruyette with analyst Brian Kleinhanzl warning that the deal has increased the risks for State Street investors, while the anticipated revenue synergies may not emerge. 3. Sunrun (RUN) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Stephen Byrd saying he thinks the stock now prices in favorable industry developments and a longer growth runway following its 60% appreciation since the start of April and 150% year-to-date advance. 4. Motorola Solutions (MSI) downgraded to Underweight from Neutral at JPMorgan with analyst Paul Coster saying he views the company's Q2 results as solid but feels the guidance is mixed. 5. Gildan Activewear (GIL) downgraded to Hold from Buy at Desjardins. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

LUNA

Luna Innovations

$3.78

-0.28 (-6.90%)

STT

State Street

$86.77

-0.07 (-0.08%)

RUN

Sunrun

$14.00

-0.77 (-5.21%)

MSI

Motorola Solutions

$118.71

-2.77 (-2.28%)

GIL

Gildan Activewear

$30.63

-0.92 (-2.92%)

  • 09

    Aug

LUNA Luna Innovations
$3.78

-0.28 (-6.90%)

08/03/18
NORL
08/03/18
DOWNGRADE
Target $4
NORL
Market Perform
Luna Innovations downgraded to Market Perform from Outperform at Northland
Northland analyst Tim Savageaux downgraded Luna Innovations to Market Perform from Outperform as he sees the shares reflecting the value of the "well executed" sale of the Opto Solutions unit at current levels. He also sees increased uncertainties around larger scale M&A given Luna's increased cash balance and prefers to step to the sidelines. He maintains a $4 price target on Luna shares.
STT State Street
$86.77

-0.07 (-0.08%)

01/10/18
01/10/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Wells Fargo (WFC) upgraded to Neutral from Underweight at Atlantic Equities by analyst John Heagerty, as his analysis leads him to increase his FY18 EPS view by 11% on average for the banks he covers. He also sees positive secondary effects for the banks from higher U.S. GDP growth. Heagerty raised his price target on Wells Fargo shares to $64 from $55. The analyst also upgraded Morgan Stanley (MS) to Overweight this morning, citing the same analysis of the potential benefits from tax reform. 2. Deere upgraded to Outperform from Sector Perform at RBC Capital by analyst Seth Weber, who said he is positive on the company's leadership position in North American farm machinery which is stabilizing and exposure to the earth moving equipment category. The analyst is also constructive on Deere's recent Wirten Group acquisition. 3. Target (TGT) upgraded to Positive from Neutral at Susquehanna. 4. State Street (STT) and BNY Mellon (BK) upgraded to Buy from Neutral at Citi, with analyst Keith Horowitz saying he thinks the trust banks are the best way to play the digital transformation to the cloud and finds the current valuation as attractive. 5. RBS (RBS) upgraded to Overweight from Equal Weight at Morgan Stanley. Analyst Alvaro Serrano also downgraded Barclays (BCS) and Lloyds Banking (LYG). This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/22/18
DBAB
04/22/18
UPGRADE
DBAB
Buy
State Street upgraded to Buy from Hold at Deutsche Bank
04/23/18
DBAB
04/23/18
UPGRADE
Target $116
DBAB
Buy
State Street upgraded to Buy with $116 price target at Deutsche Bank
Deutsche Bank analyst Brian Bedell upgraded State Street to Buy from Hold and raised his price target for the shares to $116 from $108. The analyst raised his estimates for the company to reflect the "strong" Q1 results and its new servicing commitments of $1.3 trillion. He also believes State Street is positioned benefit from increased market volatility.
08/02/18
KBWI
08/02/18
DOWNGRADE
Target $91
KBWI
Market Perform
State Street downgraded to Market Perform from Outperform at Keefe Bruyette
Keefe Bruyette analyst Brian Kleinhanzl downgraded State Street to Market Perform and lowered his price target to $91 from $97 to account for the impact of the Charles River Development acquisition. The analyst warns that the deal has increased the risks for State Street investors, while the anticipated revenue synergies may not emerge. Kleinhanzl says that he prefers a neutral stance until those synergies emerge or until valuation is more attractive.
RUN Sunrun
$14.00

-0.77 (-5.21%)

08/03/18
08/03/18
DOWNGRADE
Target $15

Equal Weight
Sunrun downgraded to Equal Weight after 150% year-to-date run at Morgan Stanley
As previously reported, Morgan Stanley analyst Stephen Byrd downgraded Sunrun to Equal Weight from Overweight, as he thinks the stock now prices in favorable industry developments and a longer growth runway following its 60% appreciation since the start of April and 150% year-to-date advance. The analyst, who sees competitive pressure and rising interest rates as key risks, raised his price target on Sunrun shares to $15 from $8.
08/03/18
MSCO
08/03/18
DOWNGRADE
MSCO
Equal Weight
Sunrun downgraded to Equal Weight from Overweight at Morgan Stanley
07/18/18
GSCO
07/18/18
DOWNGRADE
GSCO
Neutral
Sunrun downgraded to Neutral from Buy at Goldman Sachs
07/18/18
GSCO
07/18/18
DOWNGRADE
Target $15
GSCO
Neutral
Sunrun downgraded to Neutral at Goldman Sachs on valuation
As reported earlier, Goldman Sachs analyst Brian Lee downgraded Sunrun to Neutral from Buy as part of his broader research note on the solar sector and also kept his price target at $15 citing valuation on the stock. The analyst states that Sunrun has already run up 160% year to date and also cites the shift in China's solar policy in late May along with the ensuing price collapse across the supply chain toward quarter-end, which raises the risk of margin misses and weaker Q3 guidance. Lee adds that China-levered names like Jinko Solar (JKS) and Canadian Solar (CSIQ) thus face particularly challenging demand outlooks. The analyst has the most constructive view on the U.S. residential installer Vivint Solar (VSLR), which stands to "benefit from lower module costs and what we expect could close the valuation gap relative to peers.
MSI Motorola Solutions
$118.71

-2.77 (-2.28%)

08/03/18
JPMS
08/03/18
DOWNGRADE
Target $128
JPMS
Underweight
Motorola Solutions downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Paul Coster downgraded Motorola Solutions to Underweight with an unchanged price target of $128. The analyst views the company's Q2 results as solid but feels the guidance is mixed. He cites valuation for the downgrade and believes the stock will give up some of the recent gains.
07/23/18
JEFF
07/23/18
NO CHANGE
Target $140
JEFF
Buy
Motorola Solutions price target raised to $140 from $125 at Jefferies
Jefferies analyst George Notter raised his price target for Motorola Solutions to $140 saying his "deep dive" indicates the Avigilon acquisition was a "great deal" for the company and remains underappreciated by investors. The analyst raised his estimates to reflect incrementally higher contributions from Avigilon going forward and keeps a Buy rating on Motorola Solutions. Avigilon is high-growth business with a similar margin profile and meaningfully expands Motorola's total addressable market, Notter tells investors in a research note. He believes expectations for the deal are too low.
07/11/18
07/11/18
UPGRADE
Target $138

Outperform
Motorola Solutions upgraded to Outperform on Avigilon contribution at Cowen
As previously reported, Cowen upgraded Motorola Solutions to Outperform from Market Perform and raised its price target to $138. Analyst Paul Silverstein significantly raised estimates to Street-highs driven by revised expectations for revenue and margin contribution related to the Avigilon acquisition, which provides entry into the advanced security surveillance solutions market. Additionally, the expected extension of the Airwave UK Public Safety Network contract, likely before the end of Q3, would also highlight the over-estimated risk posed by LTE-based public safety networks to Motorola's LMR systems, the analyst wrote in a note to investors.
07/11/18
COWN
07/11/18
UPGRADE
COWN
Outperform
Motorola Solutions upgraded to Outperform from Market Perform at Cowen
GIL Gildan Activewear
$30.63

-0.92 (-2.92%)

07/24/18
BOFA
07/24/18
DOWNGRADE
BOFA
Underperform
Gildan Activewear downgraded to Underperform from Buy at BofA/Merrill
BofA/Merrill analyst Heather Balsky downgraded Gilden Activewear tow notches to Underperform from Buy due political turmoil in Nicaragua where the company has sewing operations. Blasky expects the civil unrest to result in higher costs and increased uncertainty and lowered his gross margin estimates to reflect increased labor and transportation costs.
08/02/18
BOFA
08/02/18
UPGRADE
BOFA
Buy
Gildan Activewear upgraded to Buy from Neutral at BofA/Merrill
05/03/18
TDSI
05/03/18
UPGRADE
TDSI
Buy
Gildan Activewear upgraded to Buy from Hold at TD Securities
08/03/18
DESJ
08/03/18
DOWNGRADE
DESJ
Hold
Gildan Activewear downgraded to Hold from Buy at Desjardins

TODAY'S FREE FLY STORIES

AGCO

Agco

$62.76

-1.93 (-2.98%)

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LOGI

Logitech

$33.69

0.24 (0.72%)

04:57
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04:57
Upgrade
Logitech rating change  »

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TNP

TEN, Ltd.

$3.30

-0.09 (-2.65%)

04:56
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04:56
Downgrade
TEN, Ltd. rating change  »

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04:55
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HSKA

Heska

$97.20

0.46 (0.48%)

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ENLK

EnLink Midstream Partners

$13.30

-0.28 (-2.06%)

, ENLC

EnLink Midstream

$11.51

-0.24 (-2.04%)

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EnLink Midstream Partners

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ENLC

EnLink Midstream

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  • 23

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General news
Richmond Fed Manufacturing Index Level to be reported at 10:00 »

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SSTI

ShotSpotter

$41.73

-0.49 (-1.16%)

04:55
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01/23
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Conference/Events
ShotSpotter management to meet with William Blair »

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  • 23

    Jan

ALTR

Altair

$31.50

0.59 (1.91%)

04:55
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01/23
04:55
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04:55
Conference/Events
Altair management to meet with UBS »

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  • 23

    Jan

  • 24

    Jan

OBSV

ObsEva

$13.26

-0.46 (-3.35%)

04:55
01/23/19
01/23
04:55
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04:55
Conference/Events
ObsEva management to meet with Leerink »

Meetings to be held in…

03/08/13
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03/06/13
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03/06/13
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  • 23

    Jan

  • 24

    Jan

TUSK

Mammoth Energy

$21.82

-0.93 (-4.09%)

04:55
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01/23
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Conference/Events
Mammoth Energy management to meet with Stephens »

Meeting to be held in…

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  • 23

    Jan

  • 24

    Jan

  • 10

    Feb

ECL

Ecolab

$152.77

-1.78 (-1.15%)

04:55
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Conference/Events
Ecolab management to meet with Jefferies »

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  • 23

    Jan

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NBRV

Nabriva Therapeutics

$1.90

-0.07 (-3.55%)

04:55
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Conference/Events
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  • 23

    Jan

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    Apr

HDS

HD Supply

$40.13

0.11 (0.27%)

04:55
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Conference/Events
HD Supply management to meet with William Blair »

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  • 23

    Jan

ONCS

OncoSec

$0.70

-0.0135 (-1.90%)

04:55
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  • 23

    Jan

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SAIC

SAIC

$65.47

-0.56 (-0.85%)

04:55
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  • 23

    Jan

  • 24

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IDCC

InterDigital

$71.41

-0.91 (-1.26%)

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  • 23

    Jan

INSE

Inspired Entertainment

$5.91

0.27 (4.79%)

04:55
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  • 23

    Jan

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    Jan

TXMD

TherapeuticsMD

$5.14

0.04 (0.78%)

04:55
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Conference/Events
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  • 23

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